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US GDP falls -2.9%...absent recession

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Posted

So this means that Yellen is going stop the taper and turn QE-4-evah back on!!! Time to reallocate the portfolio again.

 

I think we're going to need to add hookers and blow to the GDP numbers....gotta keep up with the British and Italians.

http://www.theguardian.com/business/2014/jun/10/accounting-drugs-prostitution-uk-economy-gdp-eu-rules

 

http://www.telegraph.co.uk/news/worldnews/europe/italy/10853756/Italy-to-boost-GDP-figures-with-drugs-and-prostitution.html

 

 

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Posted

So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

 

Thanks, Obama!

 

My question is why are people spending less?  Is it because it cost less, or because fewer people have health care coverage, because of all the changes to health care over the last few years (moves from ***'s to HRA's and HSA's for example),  are people healthier, etc...  Spending less is somewhat vague, but it could be a good thing. 

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Posted

Insert Ron Paul gif*

It's Happening!!!

QE is redundant. I will say this, liquidation is and still the best answer because now the problem is growing even bigger. Is the Fed trying to one up the 08 recession. Short term pain is now long term pain. Let's see if they revise a third time. The Fed needs to read Mises and some Hayek work.

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Posted

Stocks go up, out of labor is still up, unemployment is still not shrinking, and the Feds are still printing money, what else is new.

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Posted

So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

 

Thanks, Obama!

 

Reducing healthcare spending seems like it would be rather traumatic to the economy (in the short-term) since it makes up almost 20% of our GDP

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Posted

Seems odd but it matters not. Whatever this admin trots out its the truth. So the 6 mil that was added to ACA= 18% Gdp? Lol

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Posted

Jesus Christ I'm spending money on Netflix and Hulu, why isn't it helping?

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Posted

Economics 101 just doesn't seem to hold water anymore.

 

11 million on disability, half the country on assistance of some kind, and the stock market setting records based on the Fed pumping.

 

Debt no longer matters.

 

Why did I waste time on that stupid class in College?  Oh wait, it was required.  Don't feel so bad now.

 

The things you learn in Econ 101 are intended to provide a foundation for the more advanced concepts that are actually applicable to The Real World.

 

Rather than asking yourself "Why did I waste time on that stupid class in College?" you should instead ask yourself "Why did I take one intro course and immediately assume that every interaction that occurs within the market can be explained by 'supply and demand' and the general belief that every budget, no matter the context, should be managed as one would a household budget?"

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Posted

So am I reading correctly that a big factor in this is that people are spending less on healthcare than expected under obamacare?

Thanks, Obama!

No. There is less money to circulate in the economy now because of Obamacare and that's part of the downward trend in GDP growth. All those people paying 40-50% more for their healthcare aren't spending as much in the economy on discretionary matters.

I'm a bit uncertain how to treat these numbers as we did have horrendous weather in Q1 that did contribute to poor economic considerations. Q2 will tell us plenty. I do wish the media would pick up on this though.

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Posted

No. There is less money to circulate in the economy now because of Obamacare and that's part of the downward trend in GDP growth. All those people paying 40-50% more for their healthcare aren't spending as much in the economy on discretionary matters.

I'm a bit uncertain how to treat these numbers as we did have horrendous weather in Q1 that did contribute to poor economic considerations. Q2 will tell us plenty. I do wish the media would pick up on this though.

 

I don't buy your first paragraph, but I totally agree with the second one.

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Posted

The media will pick up on it when it gets better

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Posted

That's funny since I actually read about this in "the media"

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